“Tax-Free Haven And Networking” – An Entrepreneur Reveals Why He Moved To Dubai From Canada
If you find yourself wondering, “Why move to Dubai?” Take it from Brook Hiddink, it’s an experience you won’t regret exploring…
When asked, “Why did you move to Dubai?” Brook Hiddink, a High Ticket Dropshipping Entrepreneur, had a list of compelling reasons. Dubai, with its warm weather, no taxes, excellent networking opportunities, and more, was the perfect match for his aspirations. It was a decision he knew he had to experience first-hand to truly understand its allure.
One of the primary reasons people are drawn to Dubai is the enticing tax benefits it offers. Brook, originally from Canada, had always wanted to escape the cold winters and explore new horizons for a part of the year. Dubai presented a golden opportunity for him to set up his company while enjoying a tax-free haven.
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Intriguingly, Dubai’s tax residency rules have evolved over time. As of this year, to qualify as a Dubai tax resident, an individual needs to spend a minimum of 183 days within a 12-month consecutive period
Brook, mentioned how this was a game-changer. This strategic balance enabled him to relinquish his Canadian tax residency and embrace Dubai as his new fiscal home.
Brook’s journey to Dubai showcases the power of entrepreneurship and the allure of this dynamic city. With its “tax incentives, warm climate, and vast networking opportunities”, Dubai beckons entrepreneurs and investors from around the world.
*Disclaimer: On June 1, 2023, the UAE introduced a 9% business tax with certain exemptions for the free zones that fuel its economy. This step was taken by the UAE to enhance non-oil revenue and maintain its position as a regional commercial hub.
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